Corporate responsibility for less income inequality

Bibliographic Data

ID9255799
AuthorsGeorges Enderlé (0000-0001-8077-8389, Mendoza College of Business 393B, University of Notre Dame, Notre Dame, IN, USA, corresponding author)
Year2018
Volume76
Issue4
Pages399-421
Publication date2018-10-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueReview of Social Economy (JOURNAL)
Journal identifiersISSN: 0034-6764 • E-ISSN: 1470-1162
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00346764.2018.1525761
OpenAlexW2905724701
LanguageEN
Citations received2
References cited42

This article explores corporate responsibility for less income inequality within the boundaries of the organization and with regard to society at large. Instead of examining the entire range of income distribution, the focus is on the lower and upper ends. The ‘floor’ is defined as a living wage, supported by strong economic and ethical arguments and proposed as a minimal income standard that can – and thus should – be implemented by companies. As for the ethically acceptable ‘ceiling’ of executive compensation, its identification and justification are more complicated. However, strong economic and ethical arguments can be made in favor of a drastic reduction of executive pay. Corporate responsibility for less income inequality in society means, first, to ‘walk the talk’ and set an example and, second, to being ‘a good corporate citizen’ by supporting legislation for a living wage and an ethically acceptable ceiling of executive pay

Ceiling (cloud) · Corporate governance · Corporate social responsibility · Economic growth · Economic inequality · Economics · Executive compensation · Glass ceiling · Income distribution · Inequality · Labour economics · Law and economics · Legislation · Living wage · Management · Minimum wage · Political science · Public economics · Wage · Economic Theory and Institutions · Law · Management and Organizational Studies · Political Economy and Marxism

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